Vacancies drop, rent up, an article from The Coloradoan, reports that Fort Collins is ripe for new student housing. Vacancy rates have been dropping and rents are up. A project including 197 units has been proposed for the 700 block of West Plum Street - just a half block from CSU. Situated on 2.6 acres, this luxury student housing apartment would be the latest in a series of privately funded apartment proposals. CSU is projected to have an additional 5,000 students over the next 15 years.
http://www.coloradoan.com/article/20081111/BUSINESS/811110311/1046
Do Your Sellers Suffer from PDS?, an article from Realtor Magazine Online, examines an unfortunate condition that many sellers have today: Price Denial Syndrome. In reality, they must lower the listing price of their home, but these sellers tend to resist. How can you respond to their common objections. For example, your client says: "We really need the money." Your response might be: "What if your home didn't sell?" When sellers suggest reducing the price later, you may want to remind them that the longer a property sits on the market, constant price reductions are required to generate buyer interest. See the full article for more ideas on dealing with a seller's objections to lowering the listing price of their home.
http://www.realtor.org/rmodaily.nsf/pages/News2008111106
Additional articles that you may find of interest:
Another mortgage plan at the door
http://www.denverpost.com/business/ci_10959129
Critics say new federal mortgage plan not enough
http://www.denverpost.com/economy/ci_10955381
Citigroup to help at-risk borrowers stay in homes
http://www.denverpost.com/economy/ci_10954633
Short-Sales Standards on the Horizon
http://www.realtor.org/rmodaily.nsf/pages/News2008111102
A New Day for Web Marketing
http://www.realtor.org/rmodaily.nsf/pages/News2008111103
Improve Your Customer Service, Disney Style
http://www.realtor.org/rmodaily.nsf/pages/News2008111105
U.S. to simplify mortgage disclosure rules
http://www.usatoday.com/money/economy/housing/2008-11-12-mortgage-statement_N.htm
Fannie, Freddie join Citi, others trying to halt foreclosures
http://www.usatoday.com/money/economy/housing/2008-11-11-citigroup-foreclosures_N.htm
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